Mansfield 3-Bed BTL

High Appreciation - Buy to let - Mansfield NG18

*EPC Rating D
*Money in: £42,000 with mortgage
*Monthly profit £295.50
*Total profit projection over 10 years = £116,118.28 🔥
*Guaranteed rent options available

Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cashflow is on offer with this deal with capital growth of 5% PCA. These are also below market value so the equity will be more than your costs to purchase the property (including sourcing, deposit, legals, survey, stamp, mortgage fee).

Average house prices in the NG18 postcode area of Mansfield grew by 6.4% over the last year. 10-Year Growth: Prices across specific postcodes in the NG18 area have shot up by 39% to 45% over the last decade. Average terraced house price £129,462.

Key property details:
- 3 Bed terraced House - Mansfield
- Town centre location
- 88 sqm
- EPC D
- Council tax band A
- Vacant possession
- Guaranteed rent options available

Key Financials example -
Recent Halifax BTL mortgage 2yr fixed, LTV 75%, interest 5.26%, No fee:
▪ Total investment needed: £42,000
▪ Purchase price: £120,000
▪ Deposit: £30,000
▪ Legals: £2,000
▪ Stamp duty: £6,000
▪ Gross monthly rent: £800
▪ Gross annual rent: £9,600

▪ Deductions: Mortgage £394.50, Letting agent £80, Insurance £30
▪ Monthly profit after deductions: £295.50
▪ Annual profit: £3,546
▪ Gross yield: 8%
▪ ROCE: 8%
▪ Net rent mortgage coverage: 175%

▪ Profit projection in 10 years capital growth 5% PCA = £75,467.36
▪ Profit projection in 10 years net rental growth 3% PCA = £40,650.92
▪ Total profit projection over 10 years = £116,118.28 🔥

With Sourced you get the full property wealth building package in one place;
Sourced Enterprise - Full limited company SPV and accounting solution
Sourced Finance - Specialist lending not available on the high street
Sourced Living - Fully compliant lettings management service
Legal Conveyancing team available if required.
Professional and compliant renovation team ready to go!

Let me know if you are interested in this as soon as you can.